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Mortgage Market Update
My Mortgage Company
Carlos Scarpero
Wednesday, August 19, 2026
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How much equity are you building? |
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Hello—I hope you're enjoying your home. This week I want to talk about something that happens quietly in the background of homeownership, but adds up to real money.
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National Mortgage Rates · August 13, 2026
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Source: Freddie Mac PMMS & Optimal Blue via FRED
Rates shown are national averages and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Equity Building
Your home is working for you—here's how
Every mortgage payment you make builds equity in your home. As you pay down principal, you're building real wealth—money that belongs to you, not your lender. Over time, as your home's value may appreciate, that equity grows even faster. This matters because equity is your financial cushion. It can help you refinance into better terms, fund major repairs or upgrades, or tap into it for other life goals if you ever need to. The longer you own your home, the stronger this position becomes. If you'd like to understand how much equity you've built or explore what options that creates for you, I'd be happy to walk through it. Reach out anytime—I can show you where you stand and what your equity means for your financial future.
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Tip of the Week
Inspect your attic insulation. Proper insulation reduces heating and cooling costs and can prevent ice dams on your roof.
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Tips for Homeowners
Fall Home Prep: Heating, Safety & Systems
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1.
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Have your heating system serviced before it's needed. A furnace failure in winter is an emergency — routine maintenance costs far less than emergency repairs.
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2.
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Test smoke detectors and carbon monoxide detectors and replace batteries. Carbon monoxide poisoning risk rises when heating systems run more frequently.
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3.
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Drain and shut off exterior faucets and sprinkler systems before the first freeze to prevent burst pipes — one of the most expensive and disruptive homeowner emergencies.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the My Mortgage Company team any time and we'll walk you through your options. |
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